Safra National Bank of New York

The Safra National Bank is a private bank, which operates in the short and medium-term financing of business start-ups in industry and trade. It is a part of the Safra Group.

The Bank serves the wealth management offices in New York and Aventura ( Miami). It provides various investment opportunities for private customers, such as stocks, funds, U.S. Treasury Bills ( debt of the United States) and other securities. She is a member of the Federal Deposit Insurance Corporation ( FDIC ), the Deposit Protection Fund of the United States.

History

The Safra National Bank of New York, is connected with Banco Safra SA, one of the largest private banks in Brazil with around 100 offices around the world and therefore has a truly global network. Until 2006, it developed with 400 employees and numerous branches abroad to an international bank and one of the top 20 banks in Crain 's New York Business ' List. She had offices in Argentina, Chile, Mexico and Uruguay.

On 9 May 2011 sued Irving Picard, trustee for the liquidation of Madoff Investment Securities, Safra National Bank of New York for the repayment of $ 111.7 million. According to Picard had occurred in investments of Bernard L. Madoff irregularities and several banks have diverted funds belonging to the bankruptcy estate.